In a report released yesterday, Phil Nadeau from Cowen & Co. maintained a Buy rating on Acorda Therapeutics (ACOR), with a price target of $20.00. The company’s shares closed last Monday at $2.00, close to its 52-week low of $1.58.
According to TipRanks.com, Nadeau is a 4-star analyst with an average return of 4.7% and a 48.8% success rate. Nadeau covers the Healthcare sector, focusing on stocks such as Phasebio Pharmaceuticals, Alexion Pharmaceuticals, and BioMarin Pharmaceutical.
The word on The Street in general, suggests a Hold analyst consensus rating for Acorda Therapeutics with a $9.50 average price target.
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Based on Acorda Therapeutics’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $27.49 million. In comparison, last year the company had a GAAP net loss of $13.91 million.
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Acorda Therapeutics, Inc. engages in the development of therapies that restore function and improve the lives of people with neurological disorders. Its two main products are Ampyra and Zanaflex Capsules.
